With so much being said and written about the budget this week, forgive me for putting in my two cents worth. From a macro perspective, the key trade-off going into the budget was always going to be between gaining credit worthiness and losing economic growth. Oversimplifying a bit, the former called for a larger adjustment; the latter a smaller one. However, it would be possible to improve this trade-off with a judicious composition of tax and expenditure changes. How did Minister Lenihan do?
The Irish Economy » Blog Archive » Thoughts on the budget
Posted by basic 511 days ago (http://www.irisheconomy.ie)
With so much being said and written about the budget this week, forgive me for putting in my two cents worth. From a macro perspective, the key trade-off going into the budget was always going to be between gaining credit worthiness and losing economic growth. Oversimplifying a bit, the former called for a larger adjustment; the latter a smaller one. However, it would be possible to improve this trade-off with a judicious composition of tax and expenditure changes. How did Minister Lenihan do?
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- Irish economy to shrink almost 10% - OECD
- IMF report exposes flaws in Irish economy
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